encointer.org
Introduction
Recently a friend of mine sent me a link to an event introducing a local cryptocurrency in Zurich on the 3rd of May.
I had this feeling in my gut that this one was going to be different. I went to visit their website and got convinced quite quickly as they knew what they were talking about.
Firstly it totally encompasses the ideology of a cryptocurrency DAO and understands the concept of great token economics, being promethean in it's implementation.
Secondly it really spoke to me in terms of socio economics.
I was specially moved by the approach the project is taking towards growing organically and it's physical application in the real world. We all know how evidently these use cases will speak for themselves once they are simply exercised and viewed in action.
The Project
As a parachain built on Kusama which is an excellent, scalable and interoperable blockchain, this project immediately caught my attention.
Kusama was founded by Dr. Gavin Wood, co-founder and CTO of Ethereum, who is also the inventor of the Solidity programming language. I see grand potential in Kusama for supporting projects that create change in our world, and take back power from large corporations and financial institutions, giving it back to the people and letting the market find it's own prices.
The middle men industry and the redundant business models of the past will give rise to DAO's and communities, empowering people all over the world and have the potential to create the cessation of poverty.
“The people I'd expect to benefit the most are the unbanked and citizens of dysfunctional states that suffer from hyperinflation or cash limitations” - Alain Brenzikofer
It quickly became apparent to me that whoever is part of the encointer project knows exactly what they are doing. I am certain that they have profound knowledge and experience when it comes to blockchain technology.
Here's more Information on the project.
Also a little introduction Video by encointer I really enjoyed:
The web3 foundation doesn't just support privacy preserving and fairer undertakings and tokenisation models, but hosts a number of projects with idealistic approaches to DAO and governance.
What i'm describing is a UBI project here.
After meeting the guys behind encointer, I knew they must have unique knowledge on Blockchain, as they knew exactly what I was talking about and vice versa. After I spoke to founder Alain Brenzikofer, I saw that this could potentially be a game changer for any local community, specially in the so-called 3rd world.
Imagine if direct value was exchanged amongstst members of your community of merchants and buyers, facilitating the exchange of products and services in a circular economy? It could be exchanged for value without middle men such as corporations or financial Institutions. The value created amongst individuals in a community would not include the charges that these middle men profit from. It would inhibit their ability to interfere or tamper with the market and control prices allowing for catallaxy and more trust amongst it's members. Now a project like encointer would give much more go back to the community, empower everyone and give that value back to the people. Our old ways will inevitably become démodé and propel us into an age of fairness and abundance. -@yangyanje
“The issue is always the same: the government or the market. There is no third solution.”
― Ludwig Von Mises
Conclusions
I'm a huge fan of just applying blockchain and cryptocurrencies to the real world. Specially Hive and HBD.
Beautiful things happen when one encounters sophisticated souls that believe in liberty and freedom or when one shares the concepts of free market economics with anyone unfamiliar with it. It might overturn most people's entire perspective on what value truly is, because Volkswirtschaft was never tried before blockchain this efficiently. Specially when it comes to to marginal utility in a macro-economic setting. Such movements can grow into global communities starting with you and other participants locally. Whether it's hive or any other decentralised digital asset that can fuel direct or peer to peer exchange, we are the ones who instigate it, motivate others and drive the strive towards freedom. Social trust gives new value in circular economies and has the potential to change the way people think about money. If you are reading this, maybe you can get in touch with encointer and start a local currency in your community now.
The next event will happen in 4 Days and you can sign up on their website to be invited if you live in Zurich.
As a member of a privileged society and western Keynesian economic environment of fiscal politics that at the same time favours such experiments and their trials, I see it as a duty to permit and promote the use of cryptocurrencies and their inception as well as execution for lesser privileged societies as a noble endeavour toward the common good of humanity. In order to further the development and deployment of future free markets through cryptocurrencies, I welcome and embrace such great alternatives.
"If...the atoms of our bodies follow physical laws as immutable as the motion of the planets, why try? What difference can it make how great the effort if our actions are already predetermined by mechanical laws" - Arthur Holly Compton (The Freedom of Man)
Best Wishes
Rane
Previous posts on decentralised finance:
The opinions stated in this publication points out to a solution that bridges the real world with a decentralised digital asset market. It is still my opinion to aim to create a decentralised, borderless, permissionless, free market beyond the reach of restrictive measures towards their fruition. One that onboards us directly into a free market and a new global economy of value.
Disclaimer:
This Content is for informational of entertainment purposes only. You should not construe any such information as legal, investment, financial advice. Nothing contained in this blog constitutes a solicitation, recommendation, endorsement, or as an offer by
All Content on this blog is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the blog constitutes professional and/or financial advice, nor does any information on the blog constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. 
There are risks associated with investing in cryptocurrencies, as they are highly volatile. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds or cryptocurrencies involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Cryptocurrency involves special risks, including a greater volatility and global, economic and digital asset risks due to it's scarcity and nature of it's value as direct and indirect exchange as well as differences in accounting methods. A cryptocurrency or anyone's past investment performance is not a guarantee or predictor of future investment performance.
Vanishing
Dong Chang 东厂
aka Rane
"Nourish it, water it, let it grow. It will find it's path like branches that reach for light. It will move into space where nothing has moved before."
-
Feel free to tip Wallets for support:
Bitcoin
3Mvofn1VynU168DuYtMsDqnUMSw7nQ8JEQ
Ethereum, XDAI, Polygon, Binance Smart Chain...: 0x0398edefB9d18A6a7c9fe573bdeedB7797283Ae5
Tezos:
tz1iSv5gWfPqUqaGChhfX8Vj3yquj36fad2Y
Cosmos:
cosmos1l66z8kxxgvftw7cprz5dlzvzm4tyefhrvm3w03
Solana:
9AmMfaerhNgsz2maByDUGrPMKYQRVeYQXJvCe9n48Fti
Terra
terra1m7q65zpa8y2zamjxqtnt43tprm36utkckdqf3a
Osmosis
osmo1l66z8kxxgvftw7cprz5dlzvzm4tyefhryqz7er
Kusama
GSFfZ96ofTybmVYNgKWK8hBqjV57i4YZTRWf25sukzq227c
@badge-107955 to support the Swiss Hive| 10 HP | 20 HP | 30 HP | 100 HP | 250 HP | 500 HP | 1000 HP | 2000 HP | 5000 HP |
|---|
Delegate to the Mind Force Gathering 
| 10 HP | 20 HP | 30 HP | 100 HP | 250 HP | 500 HP | 1000 HP | 2000 HP | 5000 HP |
|---|